Friday, March 6, 2015

Banks, the necessary evil?

I have never been a big fan of banks.  It is my money and they make it hard to get to it.
I appreciate that they are protecting me, in the bigger picture, but I just want to cash a check.

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I received a check made out to the business.  I go to the bank to cash it.
"You can't do that Mark", they tell me.  
"Why?" I ask.

"Well Mark, the check is written to the business and since the account is not set up as a dba account you can't cash the check".
 <look of confusion> 
"But you can deposit the check and make a withdrawal".
<another look of confusion>

"I can withdraw this money right now with no waiting period?" I ask excitedly.

"Yes."

"OK, let's do that".

I then casually mention how screwed up this process seems to me and the reply is "that is how it works".

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I have nothing left to say.

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